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Requirements Jason, Samantha, and Cole each have a $192,000 capital balance. They share profits and losses as follows: 2:2:6 to Jason, Samantha, and Cole, respectively. Suppose Cole is withdrawing from the business. 1. Journalize the withdrawal of Cole if the partnership agrees to pay Cole $192,000 cash. 2. Journalize the withdrawal of Cole if the partnership agrees to pay Cole $180,000 cash. Requirement 1. Journalize the withdrawal of Cole if the partnership agrees to pay Cole $192,000 cash. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Cole, Capital 192,000 Cash 192,000 To record withdrawal of Cole from the partnership. Requirement 2. Journalize the withdrawal of Cole if the partnership agrees to pay Cole $180,000 cash. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Cole, Capital 180000 Jason, Capital Samantha, Capital Cash To record withdrawal of Cole from the partnership. Clear all Check answer Help me solve this Demodocs example Get more help